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Re: I Need Help post# 95687

Wednesday, 07/30/2014 12:26:12 PM

Wednesday, July 30, 2014 12:26:12 PM

Post# of 146210
Thank you for your response! Honestly, I would not want to be short right now, when the announcement of Tox Testing start could come any day. Maybe they assume that tox will never start, but I believe this is a very dangerous bet (because it will start probably soon).
There is obviously an bottom established at the current share price and and it will move up (strongly), when good news will be published.
The 4 million short share where already sold. So the selling pressure of all these stocks lies in the past. But all these shares will have to be bought back sooner or later (probably sooner because no one wants to afford the borrowing cost over an extended period of time). So there will be a guaranteed buying of 4 million shares in the not so distant future. That means an extreme buying pressure and is a very good sign for longs!
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